Sears Holdings Corporation (SHLD) Stock Price Down 1.6%

Sears Holdings Corporation (NASDAQ:SHLD) shares traded down 1.6% during mid-day trading on Tuesday . The stock traded as low as $3.91 and last traded at $3.95. 637,225 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 1,560,465 shares. The stock had previously closed at $4.01.

The company has a debt-to-equity ratio of -0.66, a current ratio of 0.92 and a quick ratio of 0.23.

Sears Holdings Corporation (NASDAQ:SHLD) last posted its earnings results on Thursday, August 24th. The company reported ($1.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.48) by $1.32. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.21 billion. The business’s revenue was down 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.24) earnings per share.

In related news, major shareholder Bruce R. Berkowitz sold 38,800 shares of Sears Holdings Corporation stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $4.26, for a total value of $165,288.00. Following the sale, the insider now owns 799,516 shares of the company’s stock, valued at $3,405,938.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Bruce R. Berkowitz sold 143,800 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $4.61, for a total value of $662,918.00. Following the transaction, the insider now directly owns 799,516 shares in the company, valued at approximately $3,685,768.76. The disclosure for this sale can be found here. Insiders own 89.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlueCrest Capital Management Ltd acquired a new position in Sears Holdings Corporation during the second quarter worth approximately $117,000. KCG Holdings Inc. bought a new stake in shares of Sears Holdings Corporation during the first quarter worth approximately $129,000. Rhumbline Advisers boosted its holdings in shares of Sears Holdings Corporation by 9.0% during the second quarter. Rhumbline Advisers now owns 16,965 shares of the company’s stock worth $150,000 after acquiring an additional 1,394 shares during the period. LMR Partners LLP bought a new stake in shares of Sears Holdings Corporation during the third quarter worth approximately $176,000. Finally, ING Groep NV bought a new stake in shares of Sears Holdings Corporation during the second quarter worth approximately $222,000. 62.53% of the stock is currently owned by hedge funds and other institutional investors.

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About Sears Holdings Corporation

Sears Holdings Corporation is an integrated retailer. The Company is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears). The Company’s segments are Kmart and Sears Domestic. It also offers Shop Your Way, a member-based social shopping platform that offers rewards and personalized services.

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